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Infiniti G37 Lease Questions

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  • awd250awd250 Member Posts: 63
    edited February 2010
    can I do better?

    2009 G37X w/Nav 12K miles
    Cap cost 36,000
    msrp 41,230
    factor .00125
    term 39
    $444.97 w/NJ tax 7%
    plus bank doc etc
  • rlbjr2rlbjr2 Member Posts: 91
    How does a factory order work with the lease rates? Since lease rates can change from month to month, do I get the MF/Resid at the time of the order or at the time I pick up the car? Is there some sort of a lock period for the rates like in a mortgage?
  • rxkerxke Member Posts: 168
    HI
    Just got some quotes:
    2009 G37X: $35,326 selling price/MSRP $39,465/Premium package and wood trim
    $419 per month
    $2550 at sign in includes taxes(8.75) and all fees
    Residual: 55%
    Money factor: .00125

    2010 G37X: Same equipment as above
    $450 per month
    $2700 due at sign in includes taxes and fees
    Residual: 60%
    Money factor: .00189

    Are these good deals?
  • bbyanksbbyanks Member Posts: 12
    Picked up my car tonight, here's my deal, I'm pretty happy:

    2010 G37X Sedan with Prem, Nav and Sport (Graphite Shadow) - 39 mos/10K mi

    MSRP $42,380
    Cap Cost $37,521 (after $1K loyalty)
    Residual $25,852 (61% )
    Money factor .00189
    Monthly payment $419

    Cash down:
    $419 First payment
    $595 Bank Fee
    $1,553 Sales tax (8.625%)
    $97 Doc fee, Title app & Tire tax
    $70 Wheel locks
    $2,734 Total down

    Thanks for all your help!!!!
  • bkscanlonbkscanlon Member Posts: 3
    I have a Infiniti G that I love. R there published rates for loans to buy out the lease from Infiniti? Any advice on sources for good loans in Calif.?
  • sam_ksam_k Member Posts: 241
    I would definitely talk to Infiniti Financial Services first and see what kind of rates they offer. Another good place to get auto loan rates is bankrate.com. Here's a link to their auto loan page.

    http://www.bankrate.com/auto.aspx

    They can give you interest rate quotes for multiple banks for various terms based on your zip code.
  • yamilrxyamilrx Member Posts: 2
    edited February 2010
    Here is the deal I just got using a VPP level B
    2010 G37Sport 6spd manual with the included options of the sport.

    12k miles, 39month
    MSRP= $38300
    VPP= $34382
    $413/month including tax
    MF= .00171
    residual= 60%
    $1409 total down includes 1st month, bank fees, and the basic stuff.
    This is at www.sawgrassinfinity.com in South Florida.
  • sewellgsmsewellgsm Member Posts: 775
    IFS will not re-negotiate. However, as you stated $21,500 is a good price for your low mile sedan, so you should buy it....of course for about the same monthly payment you could lease another new G37 with upgraded engine and transmission....
  • sewellgsmsewellgsm Member Posts: 775
    Great question. You get the MF & residuals at the time your vehicle comes in and you pick up the car. There is no lock in period. However, the incentives usually get better as time goes by.... :)
  • sewellgsmsewellgsm Member Posts: 775
    That is as good as it gets. Too bad everyone is not VPP!
  • rxkerxke Member Posts: 168
    Hi
    Can you tell me the money factor and residual value of a 2010 Infiniti G37X sedan with the premium pkg and the navigation?
    2010
    MSRP: $40,915
    Invoice: 37,635
    Lease length: 36 months or 39 months
    Miles per year: 10K or 12K

    What is the money factor and residual value? Any new dealer or consumer incentives as the 2009s inventory is getting thin?

    Thanks

    Thank you
  • traderbtraderb Member Posts: 39
    First off, Do not EVER deal with Ifiniti of Tysons corner in Virgina. They played every dirty trick in the book on me, bait and switch, good cop/bad cop, kept me sitting there for hours etc. That being said I did get the car I wanted but not at the price they originally told me.

    2009 G37 convertible 6MT
    MSRP$ 50,885
    Selling Price $43,365
    39 month/10k per year
    residual 61%, money factor .00232
    Acquisition fee $595
    Doc fee $399
    tags $325

    monthly payment $501.93
    up front money $1526.80- first months, acquistion fee, tags

    This wasn't any better deal than I saw anywhere else and I think the fees were high. They originally told me selling price of car was 42,500, then tried telling me they forgot to add in destination charges. They had the only black/black 6mt so I bought it anyway. However, was the scummiest dealership I ever dealt with. This is the first non BMW I ever bought and when I should be happy about my new car I have a bad taste in my mouth.
  • kyfdxkyfdx Moderator Posts: 265,441
    If it makes you feel better... that is a dirt cheap lease for a $51K vehicle..

    The dealership may suck, but your deal is pretty darn good!! Enjoy your new car!

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • saprissa1saprissa1 Member Posts: 4
    I'm not sure how many people perpetually lease from Infiniti, so this question might be best for one of the hosts. Are the money factors 1/2 of what they were in 2007? Our lease is coming up, and we are looking to lease a 2010 model. I'm amazed that our monthly payment could actually go down $50-60, for in my opinion is a much better car.

    Also, I've seen a lot of people quoting the .00175 money factor for the VPP plan A. Is everyone in that situation a Nissan employee (or part of a plan C or D company)? Or is this financing open to the general public for a short-time?

    Thanks.
  • awd250awd250 Member Posts: 63
    I picked it up this Sat,
    2009 G37X 4DR w/Nav 12K miles
    Cap cost 36,099
    msrp 41,230
    factor .00125
    term 39
    $448.00 w/NJ tax 7%
    1st months, bank doc etc 1600 out of pocket

    Plus they're paying for my last payment on my old lease $485
  • rxkerxke Member Posts: 168
    Hi Congrats! Sounds like a a good deal. Where in NJ did you get it?
    I am looking to lease either a 2009 and 2010 G37X sedan.

    Thanks
  • awd250awd250 Member Posts: 63
    it's the dealer not the car. don't let this experience discourage you from infiniti
  • awd250awd250 Member Posts: 63
    i got it at white plains NY
  • beachbumflbeachbumfl Member Posts: 3
    Thx for the reply. Indeed, there is no negotiating. The finance manager indicated if the cars are turned in, IFS sends them to auction. If they don't fetch the specified price, they have insurance which pays them the difference, so there is ZERO incentive for them to deal with anyone on buyouts. FM says they can't get cars direct from IFS so it's not the ideal situation for the dealers either.

    I'll likely buyout at the stated residual value. I don't need the newer model, can afford the buyout price and would rather not have payments in the future (horrors, is that allowed?) :)
  • beachbumflbeachbumfl Member Posts: 3
    datz a lotta messages eh?
  • kpngrlfdhappy1kpngrlfdhappy1 Member Posts: 2
    Hi folks,
    New to this so bear with my ignorance.
    Checking out getting a G37X and weighing buy/lease.
    bbyanks you have a car similar to what I'd be interested in.
    Appears you made a leasing deal I'd be interested in (but would need a few more lease miles.) May I ask your location? I'm in Jersey.
    Also I'm curious about the program where you put $4500 - 4900 down but "get it back" at maturity. Did you have to do that?
    Any input from bbyanks regarding the pros and cons of that plan?
    Any input welcome. Thanks much.
  • zxedzxed Member Posts: 18
    2010 G37x
    Trunk Mat
    First Aid Kit
    Navigation pkg
    Trunk cargo net
    Premium Pkg
    Alarm
    Splash Guards
    Sport pkg

    I am trading in a benz ml350 that i owe 11k on, they are giving me 10.5k for it

    Trade in: 10,500
    g37x purchase price: 38,675 (invoice is 38,875, msrp is 42,510)
    $1000 drive of., then 537.29/mo
    (drive off includes first month, mo includes sales tax)

    OR

    no trade in
    $542 drive off, then 533/mo
    (drive off includes first month, mo includes sales tax)

    62% res.
    .00189 MF

    Thoughts?

    If i had been outright purchasing the vehicle, i could have it for 37,479
  • shnayshnay Member Posts: 2
    edited February 2010
    I am looking to lease a G37 convertible with premium package and navigation, I have been getting rid of cars every 3 years on average and it seems to be a better deal to lease than to buy. I of course am looking for the best deal on a lease. I see all these figures with residuals and money factor and blah blah blah. In the end I just figure out the total cost (monthly fees x the lease length + money down = total cost to drive the car for 36 or 39 months) Is this not a good way to figure out if it is a good deal? Why is buying or leasing a car such a pain in the [non-permissible content removed]?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    edited February 2010
    Greetings sbleiweiss. Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 G37X Sedan with 10,000 miles per year are .00175 and 62%, respectively.

    The numbers for an otherwise identical lease of a 2009 model are .00105 and 57%.

    I am not intimately familiar with what the market is like for this car right now, but if I was interested in getting one I personally would shoot for a selling price of $500 to $1,000 over invoice minus any available cash incentives.

    Try stopping by the following discussion to get a better idea of how much you should pay: "Infiniti G37 Prices Paid and Buying Experience".

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello lwv. The $2,500 dealer cash that Infiniti is currently providing on the 2009 G37 Sedan is not compatible with its special lease program, but the $1,000 bonus cash incentive is.

    According to the latest information that I have seen, Infiniti Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a base 2009 G37 Sedan with 15,000 miles per year are .00091 and 55%. The 12k residual is 1% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • rxkerxke Member Posts: 168
    Thank you. I have been talking with them, plus Greenwich Ct, plus Manhattan. The deals from all of these dealers is becoming very competitive given that it is the end of the month. Also, I did not know that one of the differences between the 2009 and 2010 sedan is that the 2010 comes with a back up camera if you get the premium package while the 2009 only gets a back up camera if you get the navigation package.

    Any thanks for your feedback and good luck with the car.
  • rlbjr2rlbjr2 Member Posts: 91
    All of those figures determine the cost of the monthly payment. If you know all of the #'s(residual, MF), it is just a matter of plugging them in to get the monthly payment. The only unknown is the cost of the car(cap cost). Most people can get the car for about $500 over invoice not including any dealer incentives. Leasing is a pain in the [non-permissible content removed] because someone who does not know what they are doing and focuses only on the monthly payment can get ripped off by the dealer.
  • shnayshnay Member Posts: 2
    Right but I'm looking at my total out of pocket to drive this car for 36 or 39 months everything added together (minus fuel, and maintenance, etc..) From what I see its around $21,000?
  • rlbjr2rlbjr2 Member Posts: 91
    Based on a purchase price of invoice you will probably be around $600 + tax per month. There are probably dealer incentives to get below invoice though. You seem to be in the right ballpark though.
  • gericogerico Member Posts: 24
    Leasing is a really good option right now due to the VPP discount.
    It gets you Invoice pricing less 3.58%
    And you still get to use certain discounts, like Lease Loyalty and some Dealer disc
    I just closed a deal on a 2010 M35 with Tech Pkg and Splash Guards
    MSRP was $50,120
    Purchase Price is $40,010
    I'm doing a 39 Month lease with 15k miles per year
    I rolled all the upfront fees into the lease, they added up to $1,361
    Total Cap Cost was $41,371
    Monthly Payment with tax will be $500
    Total cost for 39 months will be $19,500
    That's an awesome deal for a $50k car
    All I'm paying at closing is my first months payment
    Leases are not hard to do, you just have to know the MF and RV
  • sbleiweisssbleiweiss Member Posts: 2
    thanks-very helpful info
  • zxedzxed Member Posts: 18
    all done!
    black on graphite, prem, nav, sport, few random accessories,
    10k, 36 month
    trade in 10.5, owe 11

    200 below invoice
    1000 drive off (includes first month)

    $564/mo
    res is at 64% instead of 62%.. they tweaked that number..

    was no reason to keep it at 39 months as i originally had it.
    3 extra payments + payment for dmv for full 4th year = $2200..
    approx $20/mo for 36 = $900...

    I had asped abt vpp... was told only applies to purchase.
  • g2369g2369 Member Posts: 61
    Was this for a 2010 coupe? What was the MSRP?
  • coop73coop73 Member Posts: 21
    Hoping someone can help.....

    Looking for the MF and RV for an '09 G37x Coupe
    39 months and 15,000 miles

    There is a dealership here in the suburbs of Chicago that still has 7 of them. I am hoping I can take advantage of my VPP discount on the deal!
  • coop73coop73 Member Posts: 21
    '09 G37x Coupe with Prem. and Nav.

    39 Month Lease / 15k miles
    MSRP $44,825
    Sale price with VPP $38,607.40
    MF - .00191
    RV - 59%

    Has anyone seen anything better? Looking to pull the trigger this weekend.
  • g2369g2369 Member Posts: 61
    Does anyone have the base money factor and residuals for a 2009 G37 convertible?

    15K miles / 24 months
    and
    15k miles / 36 months

    Thank you.
  • zxedzxed Member Posts: 18
    My lease was for a 2010 Sedan g37x
    Badging on back says G37xS
  • sam_ksam_k Member Posts: 241
    Sounds like a nice ride. I'm curious why you opted for 36 instead of 39 months? The payments usually come out cheaper on a 39 month lease because the residual is usually only 1% less on a 39 month less but it's spread over 3 additional payments.
  • zxedzxed Member Posts: 18
    Deal included -586 for my trade (i owed 11,086, they gave me 10,500)
    First year dmv fee included.

    39 months with $1000 drive off
    = $537/mo for 38 months

    36 months with $1000 drive off
    = $564/mo for 35 months

    Amount paid for 39 months
    21406

    Amount paid for 36 months
    20740

    for 39 months you end up paying for dmv for 4rth year even though you drive just 3 months.
    True amount paid for 39 months (dmv renewal @550 for year 2, 3 and 4)
    21406 + 1650 = 23056

    True amount paid for 36 months (dmv renewal @550 for year 2, 3)
    20740 + 1100 = 21840

    The 36 gives me a good even 3 years and saves $1,216.. just in case i get tired of the car by the 2nd year :)

    if you wanted to look at true /month
    at 39 its 591 / mo and at 36 its 606 /mo
    (this included dmv fees, drive off factored in)
  • sam_ksam_k Member Posts: 241
    Ah it's the DMV fees that make the 36 month lease cheaper than the 39 month. Your DMV fees are ridiculous. I'm glad NY isn't that high and registration has to be done every 2 years so whether you lease for 36 or 39 months, you'll still have to pay twice. If you didn't have to pay the ridiculous DMV fee then $666 ($21406 - $20740) for 3 more months isn't bad.
  • zxedzxed Member Posts: 18
    Try 8.75 for tax in addition to dmv fees :)

    with a lower tax, and lower dmv fees the car would have been low 500 high 400..
  • baker1jbaker1j Member Posts: 15
    Dealers are really trying to offload the last few 09 Sedans left. Does anyone think I can do better.

    I received the following quotes this morning, in NY.

    39 Month, 10K per year. Sign and drive, DMV fees only.

    G37x Sedan - Base, sunroof only - $449 per month
    G37x Sedan - Base plus Premium - $459 per month
    G37x Sedan - Base Plus Nav and Premium - $499 per month

    Should I hold out longer, or do these prices seem like about as low as I am going to get? I think this weekend is probably the last good deals left, before February incentives are gone.
  • baker1jbaker1j Member Posts: 15
    Correction....First month PLUS DMV fees only

    Dealers are really trying to offload the last few 09 Sedans left. Does anyone think I can do better.

    I received the following quotes this morning, in NY.

    39 Month, 10K per year. Sign and drive, First month and DMV fees only.

    G37x Sedan - Base, sunroof only - $449 per month
    G37x Sedan - Base plus Premium - $459 per month
    G37x Sedan - Base Plus Nav and Premium - $499 per month

    Should I hold out longer, or do these prices seem like about as low as I am going to get? I think this weekend is probably the last good deals left, before February incentives are gone.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi rlbjr2. The last time that I checked Infiniti Financial Services allowed lessees to make up to nine additional deposits with each one reducing vehicles' money factors by .00010.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi saprissa1. The VPP Plan provides consumers who are eligible with special low selling prices for Nissan and Infiniti vehicles. However, IFS' lease program is exactly the same, VPP deal or not.

    Infiniti Financial Services' current buy rate lease money factor for a 36 month lease of a 2010 G37X Sedan is .00175.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, sbleiweiss.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum    v
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings coop73. Here's the information that you're looking for.

    Infiniti Financial Services' February buy rate lease money factor and residual value for a 39 month lease of a 2009 G37X Coupe with 15,000 miles per year are .00191 and 59%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here you go, g2369. Infiniti Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2009 G37 Convertible with 15,000 miles per year are .00265 and 61%, respectively.

    The numbers for an otherwise identical 36 month lease are .00217 and 58%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • sam_ksam_k Member Posts: 241
    Sales tax where I'm from in NY is also 8.75%. California is worse so we shouldn't complain.
  • coop73coop73 Member Posts: 21
    Car-man,

    Thanks for the info, its much appreciated!
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